Emtrain’s founder and CEO Janine Yancey would like to address the cost of employee relations complaints and how reducing claims has a true impact on the bottom line; impacts that your CFO would recognize.
Janine founded Emtrain 20 years ago, and the company has become an expert not only in creating effective compliance training but also in how to use training to reduce labor costs. The financial impact of employee conflicts is staggering, and ER claims have never been more costly or frequent.
Emtrain’s data shows that 2.5% of the American workforce files an employee relations complaint every year. After surveying employee relations staff, lawyers, and investigators, the average cost for each complaint is about $25,000. So if you have 1,000 employees, you experience about 25 internal employee relations complaints per year at $25K per complaint, resulting in a whopping $625,000 per year in lost costs and productivity.
Emtrain has a solution that can reduce that number by at least 5%. The value of a 5% reduction in internal employee claims at a 1,000-person company is $30,000—basically the cost of a compliance program for 1,000 people.
We suggest trying to tell your CFO that there’s a compliance training program that will reduce employee relations costs by $30,000 or more and to watch the CFO’s reaction—and increased regard for you.
Our founder would love to discuss how to save your company on employee relations costs and sketch out the financial ROI for your CFO. So please reach out and let’s set up a time to meet.